America Online 2015 Annual Report Download - page 4

Adjusted diluted earnings
per share (non-GAAP)
Dividends declared
per share
Consolidated revenues
(in billions)
Operating cash flows from
continuing operations (in billions)
Reported diluted
earnings per share
Financial highlights
as of December 31, 2015
Corporate highlights
$21.2billion in free cash flow (non-GAAP)
3.6% growth in operating revenues
2.7% annual dividend increase
112.1million wireless retail connections
4.0million wireless retail net additions*
*Excludes acquisitions and adjustments
Note: Certain reclassications have been made, where appropriate, to reect comparable operating results.
See Investor Relations (www.verizon.com/about/investors) for reconciliations to U.S. generally accepted accounting principles (GAAP) for the non-GAAP nancial measures included in this annual report.
Forward- Looking Statements. In this report, we have made forward- looking statements. These statements are based on our estimates and assumptions and are subject to risks and uncertainties. Forward- looking statements include the information
concerning our possible or assumed future results of operations. Forward- looking statements also include those preceded or followed by the words “anticipates,” “believes,” “estimates,” “hopes” or similar expressions. For those statements, we claim
the protection of the safe harbor for forward- looking statements contained in the Private Securities Litigation Reform Act of 1995. The following important factors, along with those discussed in our lings with the Securities and Exchange Commission
(the “SEC”), could affect future results and could cause those results to differ materially from those expressed in the forward- looking statements: adverse conditions in the U.S. and international economies; the effects of competition in the markets in
which we operate; material changes in technology or technology substitution; disruption of our key suppliers’ provisioning of products or services; changes in the regulatory environment in which we operate, including any increase in restrictions on our
ability to operate our networks; breaches of network or information technology security, natural disasters, terrorist attacks or acts of war or signicant litigation and any resulting nancial impact not covered by insurance; our high level of indebtedness; an
adverse change in the ratings afforded our debt securities by nationally accredited ratings organizations or adverse conditions in the credit markets affecting the cost, including interest rates, and/or availability of further nancing; material adverse changes
inlabor matters, including labor negotiations, and any resulting nancial and/or operational impact; signicant increases in benet plan costs or lower investment returns on plan assets; changes in tax laws or treaties, or in their interpretation; changes in
accounting assumptions that regulatory agencies, including the SEC, may require or that result from changes in the accounting rules or their application, which could result in an impact on earnings; and the inability to implement our business strategies.
In keeping with Verizon’s commitment to protect the environment, this report was printed on paper certied by the Forest Stewardship Council (FSC). By selecting FSC-certied paper, Verizon is helping to make a difference by supporting responsible
forest management practices.
35.7million wireless retail postpaid accounts
0.96% wireless retail postpaid churn
42.5% wireless segment EBITDA
margin (non-GAAP)
4.6% growth in wireless total
operating revenues
418,000 Fios Internet subscriber
net additions
178,000 Fios Video subscriber
net additions
8.6% growth in Fios revenues
3.5% growth in wireline consumer
retail revenues
2013 2014 2015
$120.6 $127.1 $131.6
2013 2014 2015
$38.8
$30.6
$38.9
2013 2014 2015
$4.00
$2.42
$4.37
2013 2014 2015
$2.84
$3.35
$3.99
2013 2014 2015
$2.09 $2.16 $2.23
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2015 Annual Report www.verizon.com/2015AnnualReport
Financial highlights